SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CATES GEORGE E

(Last)

(First)

(Middle)

6584 POPLAR AVENUE

SUITE 300

(Street)

MEMPHIS

38138-

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MID AMERICA APARTMENT COMMUNITIES INC [ MAA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Preferred Stock								9,000	I	JTWROS
Common Stock	11/11/2003		M		3,800	A	$19.75	358,810.7126	D
Common Stock	11/11/2003		S		3,800	D	$32.0197	355,010.7126	D
Common Stock	11/12/2003		M		46,200	A	$19.75	401,210.7126	D
Common Stock	11/12/2003		S		46,200	D	$32.0148	355,010.7126	D
Common Stock								4,527.9353	I	Spouse
Common Stock								11,899.789	I	Keough Plan
Common Stock								6,368.821	I	IRA
Common Stock								61,637.9396	I	JTWROS
Common Stock								5,229.446	I	Spouse IRA
Common Stock								41,360	I	George E. Cates Family L.P.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to buy)	$22.14							02/20/2001	02/20/2011	Common Stock	36,500		36,500	D
Stock Options (Right to buy)	$22.1875							02/22/2001	02/22/2010	Common Stock	36,500		36,500	D
Stock Options (Right to buy)	$22.25							02/17/2002	02/17/2009	Common Stock	30,000		30,000	D
Stock Options (Right to buy)	$23.05							02/22/2000	06/01/2000	Common Stock	50,000		50,000	D
Stock Options (Right to buy)	$28.9375							02/11/2003	02/11/2008	Common Stock	20,000		20,000	D
Phantom Stock	$0							08/08/1988	08/08/1988	Common Stock	592.6322		592.6322⁽¹⁾	D
Phantom Stock	$0							08/08/1998	08/08/1998	Common Stock	222		222	D
Stock Option	$19.75	11/11/2003		M			3,800	02/04/1995	02/04/2004	Common Stock	3,800	$0	46,200	D
Stock Option	$19.75	11/12/2003		M			46,200	02/04/1995	02/04/2004	Common Stock	46,200	$0	0	D
Stock Option	$26.5							02/14/1997	02/14/2006	Common Stock	25,000		25,000	D
Stock Option	$29.5							02/12/1998	02/12/2007	Common Stock	40,000		40,000	D
Limited Partnership Units	$24.5							02/04/1995	08/08/1988	Common Stock	197,591		197,591	D
Limited Partnership Units	$28.5							07/23/1998	08/08/1988	Common Stock	3,642.44		3,642.44	D
Limited Partnership Units	$24.5							02/04/1995	08/08/1988	Common Stock	38,203		38,203	I	Spouse

Explanation of Responses:

1. Balance includes dividend reinvestment shares.

	Leslie Bratten Cantrell Wolfgang	11/12/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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